Modifies provisions governing proprietary schools

HB 1269 regulates private career colleges (proprietary schools) by requiring them to post a security bond to protect students. The bond - minimum $5,000 or 10% of prior year’s tuition (capped at $100,000) - must cover refunds or losses if a school closes, violates rules, or fails to deliver programs. It also sets deadlines for reviewing new programs (90 days) and requires schools to refund tuition or arrange alternatives if they close. The bill exempts public institutions, certain religious schools, and non-profits from these rules.